Oil prices plunged after OPEC announced that it would not be cutting production, but lower fuel costs meant good news for many major companies.
From the land, sea and air, any company that relies heavily on transport boasted healthy gains following West Texas Intermediate's dip below $70.
The most notable winners were the airlines, which saw a significant portion of their costs go to fuel every year. In 2013 alone, U.S. carriers spent about $48.20 billion on fuel, according to the Department of Transportation.
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Given these costs, U.S.-traded airline stocks all boasted major gains: JetBlue, American Airlines, Southwest and Delta all saw a more than 5 percent spike. United Continental was the big winner, gaining over 8 percent on the day.
Other companies are also seeing their stocks soar on the cheap oil trade. Cruise lines Carnival and Royal Caribbean saw nearly 5 percent jumps, and Norwegian Cruise Line rose about 4 percent.
Delivery services also traded higher, with FedEx up 1.8 percent and UPS seeing a 2.8 percent bump.
